CBRE announces acquisition of Pearce Services from New Mountain for ~$1.2B in cash

3 hours ago 1
CBRE headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

CBRE Group (CBRE) announced on Tuesday the acquisition of Pearce Services from New Mountain Capital for an initial purchase price of ~$1.2B.

Pearce Services is an advanced technical services provider for digital and power infrastructure.

Shares were -0.58% pre-market to $149.73.

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